50 Olive Ave Unit A Rehoboth Beach, DE 19971
3
Beds
1.5
Baths
700
Sq Ft
4,792
Sq Ft Lot
Highlights
- Open Floorplan
- Contemporary Architecture
- Main Floor Bedroom
- Rehoboth Elementary School Rated A
- Wood Flooring
- Stainless Steel Appliances
About This Home
As of September 2022A HOME BY THE SEA. This coastal beach cottage, 1st floor condo, offers the perfect summer sanctuary in the ideal beach locale. With 3 bedrooms and 1.5 baths nestled in peaceful North Rehoboth, it’s both a place to get away from it all - and get close to all the action, fun, and culinary attractions of one of America’s best beach towns! Enjoy an open floor plan, a huge screened porch for relaxing summer evenings, an outdoor shower after a day in the sand and surf, and more! Proven rental history makes this a great investment property or use it as a second home, call today!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices PenFed Realty License #RA-0002064 Listed on: 08/03/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $808
Year Built
- Built in 1989
Home Design
- Contemporary Architecture
- Architectural Shingle Roof
- Stick Built Home
Interior Spaces
- 700 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Window Treatments
- Window Screens
- Living Room
- Dining Room
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Dryer
- Washer
Home Security
Parking
- 1 Parking Space
- 1 Driveway Space
Outdoor Features
- Screened Patio
- Porch
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 334-14.13-413.00-A
Community Details
Overview
- Property has a Home Owners Association
- Low-Rise Condominium
- Drake View Community
- North Rehoboth Subdivision
Pet Policy
- Pets allowed on a case-by-case basis
Security
- Storm Windows
- Storm Doors
Recreation
- Outdoor Shower
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2022
Closed on
Sep 23, 2022
Sold by
Parks Saddler Bryan
Bought by
Harsanyi Paul and Harsanyi Kristina
Seller's Agent
Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
DENISE CAIN
Monument Sotheby's International Realty
List Price
$799,900
Sold Price
$765,000
Premium/Discount to List
-$34,900
-4.36%
Views
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,333
Avg. Annual Appreciation
2.40%
Original Mortgage
$612,000
Outstanding Balance
$587,819
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$230,514
Purchase Details
Listed on
Feb 1, 2008
Closed on
Dec 5, 2012
Sold by
Timothy C Timothy C and Maoney Nancy L
Bought by
Porter Jill
Seller's Agent
TIMOTHY MAHONEY
RE/MAX Realty Group Rehoboth
Buyer's Agent
Mitch Selbiger
Monument Sotheby's International Realty
List Price
$505,000
Sold Price
$505,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Similar Homes in Rehoboth Beach, DE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $765,000 | -- | |
| Deed | $505,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $612,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $765,000 | -4.4% | $1,093 / Sq Ft |
| 08/18/2022 08/18/22 | Pending | -- | -- | -- |
| 08/03/2022 08/03/22 | For Sale | $799,900 | +58.4% | $1,143 / Sq Ft |
| 12/05/2012 12/05/12 | Sold | $505,000 | 0.0% | $721 / Sq Ft |
| 11/09/2012 11/09/12 | Pending | -- | -- | -- |
| 02/01/2008 02/01/08 | For Sale | $505,000 | -- | $721 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $690 | $9,850 | $0 | $9,850 |
| 2023 | $689 | $9,850 | $0 | $9,850 |
| 2022 | $665 | $9,850 | $0 | $9,850 |
| 2021 | $659 | $9,850 | $0 | $9,850 |
| 2020 | $657 | $9,850 | $0 | $9,850 |
| 2019 | $658 | $9,850 | $0 | $9,850 |
| 2018 | $615 | $14,000 | $0 | $0 |
| 2017 | $589 | $14,000 | $0 | $0 |
| 2016 | $559 | $14,000 | $0 | $0 |
| 2015 | $534 | $14,000 | $0 | $0 |
| 2014 | $530 | $14,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lee Ann Wilkinson
Seller's Agent in 2022
Lee Ann Wilkinson
BHHS PenFed (actual)
(302) 278-6726
236 in this area
1,927 Total Sales
-
DENISE CAIN
Buyer's Agent in 2022
DENISE CAIN
OCEAN ATLANTIC SOTHEBYS
(302) 542-5662
13 in this area
55 Total Sales
-
T
Seller's Agent in 2012
TIMOTHY MAHONEY
RE/MAX
-
Mitch Selbiger
Buyer's Agent in 2012
Mitch Selbiger
OCEAN ATLANTIC SOTHEBYS
(410) 274-3479
36 in this area
62 Total Sales
Map
Source: Bright MLS
MLS Number: DESU2026554
APN: 334-14.13-413.00-A
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